Natalie Lennon FCA

How to Invoice in your business if you have an ABN. Invoicing is a critical component of running a successful business. It ensures you get paid on time and maintains a clear record of your financial transactions. If you have an Australian Business Number (ABN), there are specific guidelines you need to follow when issuing invoices. This article will guide you through the process of creating and managing invoices to keep your business operations smooth and efficient. It is generally not advisable to invoice under one Australian Business Number (ABN) and get paid into the bank account of another ABN unless there is a legitimate reason for doing so and the parties involved are aware and in agreement with this arrangement. #smallbusinesstips #smallbusiness #abn

13

4 Comments

Came across this interview by Kerry Packers accountant. As we are nearing the end of the financial year the main take away is that as a business owner you should be always PLANNING during the whole year. https://lnkd.in/gcn2NkJa #cfo #cashflow #businessperformance #importexport #manufacturing #familybusiness

8

1 Comment

🌍 Topics that are particularly important for the profession include sustainability, AI, and the evolution of the profession itself, including ethics. In this video, CPA Australia CEO Chris Freeland AM talks about what we are focusing on in 2025 to provide value to our members. 📈✨ For more highlights from 2024 👉 https://bit.ly/404vtHc

10

Did the end of the financial year bring stress, panic, or overwhelm to your business?😩 In a recent blog by MYOB our founder Laura shares tips and strategies for setting up your business for EOFY success. 💼 The good news is that with the right approach and tools, you can set up successful, proactive systems that will make your business not only run smoother but also simplify tax time.

6

As businesses adapt to the changing landscape, financial management becomes increasingly crucial. This is where a Virtual Chief Financial Officer (CFO) can make a significant impact.   By leveraging the services of a Virtual CFO, your business can access top-tier financial expertise, strategic guidance, and customised solutions without the overhead costs associated with a full-time, in-house CFO. This can be a game-changer for SMEs seeking to optimise their financial performance and position themselves for sustainable growth.   Learn more: https://lnkd.in/g2snNbJZ   #financialmanangement #virtualcfo #strategicplanning

16

🚀 New Blog Alert: Making Contributions Later in Life! 🚀 Are you aware of the recent changes in superannuation laws that offer older Australians more flexibility to boost their super? 🤑 In our latest blog post, we break down everything you need to know about making contributions to your superannuation, including: ✅ Concessional vs. Non-Concessional Contributions ✅ Options for those under 75 ✅ Relaxed Work Test Rules ✅ What to do if you’re over 75 Whether you’re still working or enjoying retirement, there are now more ways than ever to enhance your superannuation for a secure financial future. 💪 👉 Don’t miss out on these valuable insights! Read the full blog here https://lnkd.in/gRX2rJz9 and learn how you can take advantage of these opportunities! Contact us at (08) 9303 8900 or book an appointment today. 📞 #Superannuation #RetirementPlanning #FinancialFreedom #OlderAustralians #SuperContributions #AWT #AWTAccountants #JoondalupAccountants #JoondalupSMSF #JoondalupTaxAgents #JoondalupTax #AWTBlog

1

Navigating a cost of living crisis is tough, but SMEs can thrive with the right strategies. Regularly review and adjust your business practices to lay the foundation for long-term success. https://bit.ly/46yKYbk We can help you do that, get in touch. #BusinessPlanning #Strategy

11

1 Comment

😵Tax time got you frazzled? Get prepared for tax time with these 5 essential tasks to keep you on track and away from the last minute panic button 🚨 👉MicroChilli’s got your back with bookkeeping, advisory and now income tax services too! Visit the website to learn more. #SMEaustralia #taxtime #ato

6

2 Comments

Yesterday Vinay Iswar (CA) 🚀 and I were invited to the Xero Partner Advisory Summit in Auckland city (thanks Harriet Goldsmid & Hardeep D.) where accountants from all over NZ met to network but more importantly absorb the knowledge shared by a couple of top notch speakers. Hosted by the witty Jack Tame we were introduced to Paul Spoonley and James Bergin Paul educated us on all things demography and the changing NZ environment. Think geographical and generational changes, population shifts, and gender, cultural and generational diversity within societies and businesses. (I have included a recent interview with Paul in the comments, interesting insights!!) And Gen Z (Zoomers!) entering the workforce in numbers over the next 10 years and figuring out how these digital natives thrive! I need to up skill for sure… James took us through what a business may look like in 2035 with possible exponential growth in generative #AI and technology shifts. A couple of zinger quotes from the session: ‘Boomers - They know how to lock up the housing supply and submit formal complaints!’ ‘Left or Right the government is shite’ So insightful and we are in capable hands as Xero moves us though these future developments.

65

5 Comments

If you went to the Xero Roadshows recently, you may have seen some this video I made. Accountants and bookkeepers have so much power to change the perception of the industries, just share your stories. The BIG wins, the heartbreaking losses and the forward growth from the ever-changing landscape. Want to make a change in the world... become an accountant!!! For me it is through Escape Room Albury, Business Edge Advisors to Seamlss, that you too can make a huge impact on those around you, just share the moments.

23

1 Comment

Maximize Your Small Business Potential with Free ATO Resources. The Australian Taxation Office (ATO) rolled out a range of free online tools specifically tailored to help small businesses grow and succeed. These resources are ideal for business owners and professionals who want to enhance their understanding of taxes, superannuation, and overall financial management. With more than 30 short courses available, there’s plenty of useful material for you to explore and share with your team or clients. These courses are also beneficial for tax professionals, business advisors, and even registered liquidators looking to support their networks. The best part is the flexibility. The self-paced format lets you learn on your own schedule, whether you’re just starting your business or looking to make changes. These resources cover a variety of business lifecycle stages, from launching a startup to transitioning or closing down. To take advantage of these free tools, visit the ATO’s Essentials to Strengthen Your Small Business page and start building your business knowledge today https://lnkd.in/gRjHG7dS

19

Practice Succession is excited to share our latest accounting practice listings for sale in Victoria, New South Wales and North Territory. Information Memorandums are now ready for your review; link in the comment section.👇 #accountingandaccountants #accounting #accountant

15

2 Comments

🚀 FutureFocus – Empowering the Next Generation of Accountants 🚀 With over 40 years of industry experience, I’m passionate about helping young accountants thrive. FutureFocus is a structured mentorship program offering personalised guidance, tailored resources, and practical insights to elevate your team's skills and confidence. Investing in your future leaders isn’t just good for them—it strengthens your firm and the profession as a whole. Find out more: https://bit.ly/3PCb7ip #Mentorship #FutureFocus #AccountingMentor

4

Are you succeeding at Succession? Our Business Radar report this month focuses on succession planning. Key takeaways from the report:   * Business confidence has stabilised and is boosted by solid demand, but still being chipped away by increased costs.  * Australia’s middle market leaders are thinking about succession planning but are not actively planning * Barriers included lack of time to develop a plan, not being a priority, discomfort with the discussion and a lack of people to discuss with. Do you need assistance with your succession plan? Read the attached Radar in the link below and please contact us if you wish to discuss. https://lnkd.in/gURu4mg6

4

How to succeed through being humble, hungry and smart. Make it Count was delighted to speak to Paul Churchman CA, Head of Partner Sales at Xero New Zealand. Early in his professional life, Paul made the bold move of deciding to leave his role as a promising sports star to follow his dream of entering the Accounting profession, and he hasn't looked back. This episode of Make It Count Podcast is a true masterclass in leading through joy and purpose from one of the most talented and humble leaders in the game. If you want to be a better advisor leader, parent or person...then this is essential listening. We talk about stepping out of your comfort zone, the power of tapping into exponential growth strategies, why you should always take your own advice and the secret to succeeding in the accounting industry of the future. This is an absolute blinder of an episode of the world's favourite growth and mindset podcast for professionals. To listen, just hit the 'visit my website' link at the top of this post or search 'Make it Count' in your favourite podcast player. #nzbusiness #leadership #mindset

7

🚀 Client Success Story: Boosting Xero Efficiency 🚀 I helped Paul, who is in the marketing and design sector, save hours on bank reconciliations and chasing payments with simple Xero shortcuts. Want to learn how to boost your Xero efficiency? DM me or email me at [email protected] for an education session or book a personalized Xero consultation to take your business to the next level. #Xero #Efficiency #TimeSaving #BusinessGrowth #AccountingSolutions

23

2 Comments